面对债市风险,风险资产却表现良好。高盛对冲基金主管认为,这背后可能有三重因素起到推动作用:一是AI热潮,二是对特朗普放松监管的预期,三是财政赤字对企业盈利的提振。无论哪种逻辑占主导,市场的资产配置均趋向于:做空后端债券、做空美元、做多价值储存资产、做多股票。在全球金融市场表面平静的背后,债务可持续性正成为更加重大的结构性风险。根据高盛对冲基金主管Tony Pasquariello的最新洞察,尽管...
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